Month: October 2024
Page: 4
Formal traders in Zimbabwe are grappling with increased competition from informal traders, whose operations are not subject to the same taxes and regulatory obligations. This imbalance has left formal businesses struggling to maintain profitability, as informal traders can offer lower prices without the burden of compliance costs. At the recent Consignment-Based Conformity Assessment (CBCA) stakeholders’ […]
A Beitbridge man, Aleck Mapita, has been found guilty of robbery and sentenced to a fine of $150 or three months in prison. Additionally, he was given a six-month prison term, with three months suspended. Mapita was arrested after he and an unidentified accomplice robbed a man and his female companion who were parked along […]
The Africa Diaspora Forum (ADF) has expressed deep concern regarding the recent tensions between South Africans and migrant-owned businesses, particularly among native black South Africans and businesses of color. In a statement, the Forum underlined that these tensions often stem from issues related to business conduct and adherence to health standards. It is alarming that […]
President Emmerson Mnangagwa officially opened ZimTrade’s annual Export Week yesterday at the Zimbabwe International Trade Fair (ZITF) in Bulawayo. Held under the theme ”Qala, Tanga, Start”, the event aims to foster dialogue between the business community and policymakers on key issues in the export industry. This premier platform connects international buyers with local producers, enhancing […]
The Permanent Secretary in the Ministry of Mines and Mining Development, Mr. Pungwa Kunaka, has raised alarm over significant mineral losses occurring during exports, with Zimbabwe reportedly losing valuable resources, especially to neighboring South Africa. He stressed that inadequate monitoring systems at mines and border posts are contributing to these leakages, undermining the country’s ability […]
The government is set to compensate farmers whose land was acquired during the 2000 land reform program, with payments scheduled to begin in the last quarter of 2024 and continue into 2025. On the 16th of October, Minister of Finance, Development and Investment Promotion, Professor Mthuli Ncube, announced that USD $20 million has been allocated […]
The Voluntary Media Council of Zimbabwe (VMCZ) will hold its 4th Media Awards in Social Accountability on November 4, 2024. The awards recognize excellence in investigative journalism, particularly in areas related to HIV, sexual reproductive health rights, food security, and agriculture. Caroline Kuhudzai, Program Officer for VMCZ, noted that the awards aim to promote high-quality […]
The Zimbabwean Treasury is poised to implement new measures mandating that most taxes and fees be paid exclusively in Zimbabwe Gold (ZiG). This initiative aims to boost demand for the local currency and stabilize its value. The decision aligns with preparations for the 2025 National Budget, which is set to be presented next month. On […]
The Ministry of Foreign Affairs and International Trade, in collaboration with the Office of the President and Cabinet (OPC), has launched a joint initiative to strengthen Zimbabwe’s diaspora policy. The event, held in Bulawayo brought together key stakeholders to identify gaps in the existing policy and discuss improvements that will be presented to the President […]
The government has adopted the Zimbabwe Industrial Reconstruction and Growth Plan, a framework aligned with National Development Strategy 2, aimed at revitalizing the manufacturing and commercial sectors. The plan seeks to address key challenges in these sectors, promoting industrial growth and accelerating overall economic development. As part of the strategy, the government is focusing on […]
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